The Indian Succession Act

Investment of sum bequeathed, where legacy, not specific, given for life

Investment of general legacy, to be paid at future time: disposal of intermediate, interest

Procedure when no fund charged with, or appropriated to, annuity

Transfer to residuary legatee of contingent bequest

Investment of residue bequeathed for life, without direction to invest in particular securities

Investment of residue bequeathed for life, with direction to invest in specified securities

Time and manner of conversion and investment

Procedure where minor entitled to immediate payment or possession of bequest, and no direction  to pay to person on his behalf


CHAPTER X.--Of the Investment of Funds to Provide for Legacies


Where an annuity is
given and no fund is charged with its payment or appropriated by the will to answer it, a Government
annuity of the specified amount shall be purchased, or, if no such annuity can be obtained, then a sum
sufficient to produce the annuity shall be invested for that purpose in securities of the kind mentioned in
section 341.


LAWGIST

# 343 Procedure when no fund charged with, or appropriated to, annuity